Nigerians can now request their banks to issue them with a debit card that doubles as their National Identity Card, following recent order from President Buhari....
In a startling revelation, several prominent Nigerian banks have found themselves in the crosshairs of regulatory authorities, facing hefty penalties for various violations during the year...
The Central Bank of Nigeria (CBN) has issued guidelines regulating the activities of foreign banks’ representative offices in the country. In a circular directed to all...
Fidelity Bank, the leading bank in Nigeria, is making strategic moves to expand its footprint across Africa. The bank has announced its plan to acquire more...
Over 40% of deposits in Nigerian banks are now in United States (US) dollars, according to a report by the International Monetary Fund (IMF). The report...
Nigerian banks and telecommunication firms are currently struggling to resolve a N100bn Unstructured Supplementary Service Data (USSD) debt. This debt has been accumulating over the past...
Six deposit banks in the country received a total of 4,595,628 complaints from customers over the course of 2022.
The Central Bank of Nigeria (CBN) has proposed a new measure for the management of dormant bank accounts, unclaimed balances, and other financial assets in banks...
Despite the global economic upheaval and domestic challenges faced by the Nigerian banking sector, six out of 13 listed banks on the Nigerian Exchange Limited (NGX)...
According to recent data from the Nigeria Interbank Settlement System (NIBSS), the value of E-payment transactions in Nigeria fell to N37.67 trillion in February 2023, a...